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ZAO Raiffeisenbank signs partnership agreement with Stockholm School of Economics

ZAO Raiffeisenbanks Severnaya Stolitsa branch (St. Petersburg) and Swedish Stockholm School of Economics in Russia have signed a partnership agreement, under which students in the school's Executive MBA program can use consumer loans from ZAO Raiffeisenbank to cover tuition costs.

For more than 10 years, the Stockholm School of Economics in Russia has offered effective Executive MBA training, combining the highest achievements of Western management theory and analysis of successful examples from Russian business.

In addition to providing our students with high-quality training to international standards, we also attempt to create a convenient educational environment, an integral part of which is giving current and potential students access to Raiffeisenbanks loan programs, said Anders Liljenberg, head of the Stockholm School of Economics in Russia.

We offer specialized credit programs intended exclusively for educational purposes; at the same time, Raiffeisenbank's consumer lending is designed to apply to any field of human endeavor for the achievement of any goal. The growth of our credit portfolio demonstrates the strong demand for Raiffeisenbank's loans, as reflected in the interest of SSE's students in our credit programs, commented Roger Delous, the director of ZAO Raiffeisenbank's Severo Zapadny (Northwestern) regional center.

The Stockholm School of Economics in Russia is an international business school, managed successfully from Sweden, with representative offices in Moscow and St. Petersburg.

Founded in 1997, SSE offers high-quality international educational programs on the Russian market for successful entrepreneurs with a global perspective and management experience. For more than 10 years, the Executive MBA program, as well as corporate and open programs in various spheres of business, have enjoyed strong demand on the business education market.

The Stockholm School of Economics in Russia is a leading world educational institution for advanced learning, which will celebrate its Centennial in 2009.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 7th in terms of assets among top Russian banks based on 1Q 2008 results (Interfax-CEA). Raiffeisenbank is ranked 8th in terms of corporate lending based on 1Q 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1Q 2008 results.

Raiffeisen International operates one of the largest banking networks in CEE. 17 markets of Europes growth region are covered by subsidiary banks, finance leasing companies, a representative office and a number of other financial service providers. Over 14 million customers are attended to through more than 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group.


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